Pennymac Financial Services (PFSI) Raises Quarterly Dividend 33.3% to $0.20, 1.2% Yield; Boosts Share Buyback to $1B (from $500M)

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Go back to Pennymac Financial Services (PFSI) Raises Quarterly Dividend 33.3% to $0.20, 1.2% Yield; Boosts Share Buyback to $1B (from $500M)

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Increases Quarterly Dividend

February 4, 2021 4:30 PM EST

Also Announces $500 Million Increase in Stock Repurchase Program

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $452.8 million for the fourth quarter of 2020, or $5.97 per share on a diluted basis, on revenue of $1.0 billion. Book value per share increased to $47.80 from $41.67 at September 30, 2020.

PFSIs Board of Directors declared a fourth quarter cash dividend of $0.20 per share, a 33 percent increase from the prior quarter, payable on February 25, 2021, to common stockholders of record as of February 12, 2021.

PFSIs Board of Directors... More